Bristow Group Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

VARIABLE INTEREST ENTITIES AND EQUITY INVESTMENTS AND ADVANCES (Tables)

VARIABLE INTEREST ENTITIES AND EQUITY INVESTMENTS AND ADVANCES (Tables)

12 Months Ended

Dec. 31, 2018

Equity Method Investments and Joint Ventures [Abstract]

Equity investments and advances as of December 31, 2018 and 2017 were as follows (in thousands):



	Ownership	2018		2017
Dart	50%	$	27,112	$	26,128
Era Training Center	50%	—		3,928
		$	27,112	$	30,056

Summarized financial information for the Company’s equity investments and advances in Dart as of December 31, 2018 and 2017 and for the years ended December 31, 2018, 2017 and 2016 was as follows (in thousands):



	2018		2017
Current assets	$	31,332	$	29,336
Non-current assets	30,613		29,899
Current liabilities	7,007		6,671
Non-current liabilities	5,558		6,096



	2018		2017		2016
Operating revenues	$	45,602	$	42,891	$	40,930
Costs and expenses:
Operating and administrative	36,592		35,983		32,878
Depreciation and amortization	1,754		1,603		3,161
Total costs and expenses	38,346		37,586		36,039
Operating income	$	7,256	$	5,305	$	4,891
Net income	$	4,912	$	3,603	$	2,657

Summarized financial information for the Company’s equity investments and advances in all other investees as of December 31, 2018 and 2017 and for the years ended December 31, 2018, 2017 and 2016 was as follows (in thousands):



	2018		2017
Current assets	$	—	$	257
Non-current assets	—		4,138
Current liabilities	—		654
Non-current liabilities	—		3,298



	2018			2017			2016
Operating revenues	$	170		$	581		$	694
Costs and expenses:
Operating and administrative	63			367			338
Depreciation and amortization	377			503			519
Total costs and expenses	440			870			857
Operating income	$	(270	)	$	(289	)	$	(163	)
Net income (loss)	$	(442	)	$	(527	)	$	(409	)